Eutelsat acquired a major stake in OneWeb. The two European satellite operators proceed as a joint venture. The organizations want to break through Starlink’s satellite internet dominance.
Eutelsat already had a 23 percent stake in OneWeb. The satellite operator recently upped its shares to 50 percent. The UK government owns the other half.
Eutelsat and OneWeb want to open the attack on Elon Musk’s Starlink, which dominates the market for low-earth orbit (LEO) satellite internet. OneWeb will combine its 428 active LEO satellites with Eutelsat’s fleet of 38. Eutelsat’s satellites are larger, more powerful and placed higher in orbit. OneWeb’s LEO satellites offer less latency.
In addition to capacity, the two operators want to create a joint ecosystem for satellite communications. The ecosystem should consist of a general platform, hybrid terminals and a compatible network. Ultimately, the goal is to be a one-stop shop for satellite internet customers.